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The latest announcement is out from CapitaLand China Trust ( (SG:AU8U) ).
CapitaLand China Trust has obtained a tax ruling from the Inland Revenue Authority of Singapore that its S$150 million fixed rate subordinated perpetual securities, issued under its S$1 billion multicurrency debt issuance programme, will be treated as debt securities for Singapore tax purposes. As a result, distributions on these securities will be regarded as interest on indebtedness, enabling the securities to qualify as qualifying debt securities and allowing holders, subject to conditions, to benefit from associated tax concessions, which enhances the securities’ attractiveness and may support the trust’s capital management flexibility and investor appeal.
The most recent analyst rating on (SG:AU8U) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on CapitaLand China Trust stock, see the SG:AU8U Stock Forecast page.
More about CapitaLand China Trust
CapitaLand China Trust is a Singapore-listed real estate investment trust focused on investing in income-producing real estate in China, primarily across retail and related property sectors, offering investors exposure to the Chinese commercial property market through professionally managed assets.
Average Trading Volume: 1,654,282
Technical Sentiment Signal: Buy
Current Market Cap: S$1.38B
Learn more about AU8U stock on TipRanks’ Stock Analysis page.